Becoming a Banker? Should I Major in Finance Quiz?

Should I Major in Finance Quiz

Deciding what you want to study in college is a challenge, especially if you’re not even sure what you want to do with your life yet.

Do you want to focus on making as much money as possible or do you want to follow your passion and do something that truly makes you happy? The options at your disposal are endless.

Finance is a popular major for people who want to work with money, and consequently, make money from that very work.

In today’s Should I Major in Finance Quiz, you’ll answer some questions that will help us determine whether or not finance would be a suitable major for you, so go ahead and get started!

  • Question of

    How well do you manage your money?

    • I save my money and invest it when I should
    • I usually make good decisions but my judgement can sometimes get clouded
    • I think my money management skills are average
    • I’m terrible at dealing with money
  • Question of

    When did you get your first bank account?

    • When I was a child
    • When I was a teenager
    • When I was an adult
    • I still don’t have a bank account
  • Question of

    Do you know the difference between credit and debit?

    • Yes, and I can explain all of the details
    • I have a pretty good idea of the difference
    • I just know the functional differences but none of the theoretical reasons behind them
    • No, I don’t know the difference
  • Question of

    How good is your credit score?

    • I have excellent credit
    • My credit is good
    • My credit is average
    • My credit is poor
  • Question of

    What do you know about stockbrokers?

    • They tend to use advanced strategies like shorting and dollar-cost averaging to outpace the competition.
    • They trade stocks on exchanges like the NYSE and the TSX for a living.
    • They broker stocks?
    • I don’t know what they do
  • Question of

    What is the Federal Reserve?

    • The Federal Reserve is the central bank of the United States, presided over by a chairman.
    • The Federal Reserve is responsible for printing the money that we use on a daily basis
    • I think the Federal Reserve is a bank or something
    • I have no idea
  • Question of

    Did your parents teach you how to handle money?

    • My parents gave me all of their investment strategies and taught me how to handle money from a young age
    • My parents typically handled all of the finances, but they explained a few key details to me
    • My parents helped me open my first bank account
    • My parents never taught me how to manage money
  • Question of

    You just got your paycheck; what do you do?

    • Deposit at least a third of it into my savings account, use some for expenses, and save the rest as spending money.
    • Handle my bills and put the rest into my checking account.
    • Pay rent and then go buy whatever I want.
    • Spend it all on expensive shoes
  • Question of

    Are you interested in how money works?

    • It’s my purpose for existing
    • It seems like a pretty interesting concept
    • Not really
    • No, I just spend money, I don’t understand it
  • Question of

    How good are your grades?

    • I have excellent grades
    • I have pretty decent grades
    • I have average grades
    • I have bad grades
  • Question of

    What’s your take on money?

    • The more the money, the higher the economy of a country
    • Money is something you earn to spend/save
    • Money is a basic need
    • I can’t define it
  • Question of

    Should you save money for the rainy days?

    • Yes, definitely.
    • Yeah, but don’t forget to enjoy the present too!
    • I’m not sure about it.
    • Honestly, I don’t believe in saving money.
  • Question of

    Which goal resonates with you most?

    • Making tons of money
    • Having a respectable job, preferably in the corporate sector
    • Becoming the best in whatever career path I choose
    • Do something good for the needy
  • Question of

    What was your favorite subject in school?

    • Math
    • Physics
    • Social Sciences
    • English
  • Question of

    Do you have any money in your savings account?

    • Yes (Ssssh..can’t share the deets, though!)
    • I recently started saving. So, yeah, I do have some.
    • As of now, no. But I’m thinking to start saving.
    • I don’t, and I don’t intend to start anytime soon.
  • Question of

    Do you wish to build soft skills or quantitative skills?

    • Quantitative skills, any day!
    • Both
    • Can’t say
    • Soft skills
  • Question of

    What kind of profession would you prefer?

    • Banker/Accountant/Cashier
    • Financial Advisor/Insurance agent/Something to do with the Stock Market
    • Something to do with business
    • Customer Service Industry/Management/Human Resource
  • Question of

    Have you ever heard of Simple Interest and Compound Interest?

    • Yes, I could define them if you want.
    • I know one of them.
    • I’ve heard it before but don’t know what it is about.
    • Those terms are alien to me.
  • Question of

    Your friend is in a financial mess – what would you advise them?

    • Save, save, and save for the future!
    • Give them some money managerial tips.
    • I’d seek advice from an expert first before talking to them.
    • I’m in need of financial advice myself.
  • Question of

    What do you do on payday?

    • Make a monthly budget
    • Pay the bills first
    • Spend on my needs
    • Shop, eat and have fun